secwatch.observer — SEC 8-K summary
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Issuer:     Star Equity Holdings, Inc. (STRR)
CIK:        0001210708
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001210708-24-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Global Q1 revenue down 21% to $33.9M; net loss $2.9M vs year-ago profit of $0.4M
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- Revenue $33.9M down 21.3% YoY; adjusted net revenue $16.3M down 25%.
- Net loss $2.9M ($0.95 diluted loss) vs net income $0.4M ($0.11) in Q1 2023; adjusted EPS loss $0.72 vs income $0.22.
- Adjusted EBITDA loss $1.5M vs positive $1.1M a year ago.
- CEO expects recovery in Q2/H2 2024 citing new business wins and cost reductions; two small UAE acquisitions announced.
- Cash $21.0M; share repurchase program has $4.0M remaining.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210708/000121070824000030/0001210708-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210708/000121070824000030/hson-20240510.htm
  HTML page:      https://secwatch.observer/filing/0001210708-24-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer